Daily iron ore price update (still weak)

David Llewellyn-Smith

Wednesday, 14 March 2018

Iron ore prices for March 13, 2018:

Tianjin benchmark rebounded 95 cents to $79.95. Steel is still falling. Coking coal too.

Pricing still look weak with more downside in the near and medium term. The Trump tariff stuff is accelerating. Chinese demand appears soft and it’s possible that winter shutdowns actually brought forward demand. We’ll get more on that today with China’s data dump.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.